JMD Ventures has informed that the JMD Medicos, Subsidiary of JMD Ventures has entered into strategic agreement with Neolab Biotech Industries, a proprietorship firm for an investment of Rs 100.00 Lakh into the Company with a profit sharing to the extent of 95% of net profit of said firm. Neolab Biotech Industries is into the business of ayurvedic medicine production was a supplier to the Company prior to entering into the agreement.
The above information is a part of company’s filings submitted to BSE.
